Another hotel investor purchased the loan backed by the 140-room hotel on Ocean Drive and is pushing for a takeover.
Brian Friedman says he is in talks with new partners to bid on the asset at January's auction.
Rockbridge Holdings will reopen Hotel Derek as The Greenleigh in May 2026.
Hotel subcontractors have joined the NYC hospitality industry's battle against a bill intended to improve safety in hotels.
The lawsuit alleges developer Ronald Lipscomb took advantage of investors' unfamiliarity with the Baltimore market and presented misleading revenue projections.
A venture of SB Yen Management Group has failed to pay off debt for two Chicago hotels totaling 453 rooms.
The culinary giant is partnering with New York developer Thor Equities on a hotel in Georgetown that it has planned for nearly a decade.
Ireland's largest hotel was once envisioned as a major golf and convention hub, but the state is set to acquire it fully after it pivoted to a refugee centre.
The Divine Lorraine's new owner, Susquehanna Structured Capital, plans to convert the North Philadelphia hotel into apartments.
Hotel industry performance is still on the decline, painting a grim picture for third-quarter earnings.
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